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4 Comments

  1. Fortunately for the EU, Denmark is not a part of the EU as is GB, but only in a limited way. The Danish Crown (Kroner) is still in circulation. The Danes have a proclivity for being a bit independent, thank goodness. Even their immigration policies remain conservative relative to the rest of Europe, yet this tiny country cannot insulate itself enough from the economic and social problems of Europe.

    Denmark still has a population of less than 6 million. So Denmark is the perfect place to see how negative rates will play on an economy. The ill effects would have a small impact on the EU. Yet could the EU help out tiny Denmark? Perhaps temporarily. With ties to Deutsche Bank and their massive derivatives debt, the National Bank of Denmark, Den Danske Bank, could not escape the mayhem ahead. I would advise Danes to buy a boat, and a vacation home on their biggest island Bornholm. Old farms there, are now at rock bottom prices, particularly in Klemsker. It is the perfect redoubt for Danes. And for the Swedes, Goteborg. But the Baltic is rarely an easy sail. Move now.

  2. Tech IPO’s, one has to wonder why anyone would buy stock in a company that has a record of losses for all it’s previous years on the say so that they will become profitable. Valuing a losing company for billions of dollars is a joke. The profit and loss ratios are often upside down and going nowhere. Companies like Uber, Tesla etc. are mired in debt and never going to get out of it, beware of investing in proven losers the great Uber debacle was just made worse by California eliminating the ability of companies to hire independent contracts and requiring them to be considered employees. I know that the legislators thought that they would be generating more tax revenue but with the normal short sighted democratic knee jerk reactions they have opened them selves up to new ever increasing demands on their social welfare programs. ie. Uber will have to raise the costs of rides to cover these new expenses, most likely causing a decrease in volume, increasing costs and more red ink on the balance sheet. This will result in more costs to the state to provide welfare assistance to the independent contractors that are no longer working. It will also increase the costs to the state directly as it will throw all the people that are independent contractors that they use on their direct payroll, Adjunct professors at the junior colleges ( over 70 %) will now have to go on the payroll with all the normal benefits packages.
    Keep in mind that the only real winners of these IPO’s are the management and the early financial partners will be able to divest themselves of their worthless stock options and be rewarded for creating a worthless company, The Brookland bridge seems like a better investment.

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